Question
1.Sedna Technologies 5% coupon convertible bond has a conversion price of $40 and a par value of $1,000. The current market price of the convertible
1.Sedna Technologies 5% coupon convertible bond has a conversion price of $40 and a par value of $1,000. The current market price of the convertible bond is $1,250 and Sedna's current stock price is $41.25. (1 point each)
a.What is the conversion value?
b.What is the conversion premium?
c.What is the parity share price?
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Management Science The Art Of Modeling With Spreadsheets
Authors: Stephen G. Powell, Kenneth R. Baker
3rd Edition
0470530677, 978-0470530672
